Asia Asset Finance PLC (AAF), one of Sri Lanka’s fastest-growing and most trusted non-banking financial institutions, has reported a Profit Before Tax (PBT) of Rs 294.8 million for Q1 2025, marking a 123% year-on-year increase from Rs 132.2 million in Q1 2024. Profit After Tax (PAT) rose 57% to Rs 181 million, up from Rs 115.8 million in the same period last year. This robust performance highlights AAF’s resilience and ability to sustain growth in a competitive financial services landscape.
The strong PBT growth underscores AAF’s ability to generate pre-tax earnings through revenue expansion and operational efficiency. The healthy rise in PAT reflects improved operational performance and effective management of costs and financing.
AAF’s asset base has now reached Rs 41.8 billion, and with strong momentum across all business segments, the company is on track to achieve its next major milestone – Rs 50 billion – in the near future. This target reflects not only financial strength but also the company’s strategic focus on expansion, innovation, and inclusive financial services.
During the first quarter, AAF expanded its footprint by opening four new branches, enhancing accessibility for customers and reinforcing its commitment to financial inclusion. This expansion enables individuals, families, and small businesses to access credit and investment products closer to where they live and work.
Commenting on the results, Rajiv Gunawardana, CEO of Asia Asset Finance PLC, said:
“Our Q1 results are not just about the numbers – they reflect our strategy in action. We are expanding our reach, strengthening our portfolio, and positioning Asia Asset Finance as a trusted financial services provider for the people of Sri Lanka. As we look ahead, our focus remains clear: to continue delivering value to our customers and shareholders while contributing to Sri Lanka’s economic growth.”
Backed by the global expertise of its parent company, Muthoot Finance – the world’s largest gold financing company – Asia Asset Finance benefits from international experience while remaining firmly rooted in Sri Lanka. With an A+ Fitch Rating, a 55-year legacy of trust, and an expanding network of 105 branches, including rural areas, AAF is building a strong foundation for the future.
The first quarter of 2025 sets the tone for another year of growth and transformation for Asia Asset Finance. With strong financial performance, ambitious expansion plans, and a clear trajectory towards the Rs 50 billion asset milestone, the company is redefining its role in Sri Lanka’s financial services industry and solidifying its position as one of the country’s most dynamic and forward-looking institutions.
